Page 162 - Carte Falimentul BIR

12. Thus, under the cover of the liquidation company "Asset Reversion and
Valuation", later referred to as "Moore Stephens (RVA)", the aforementioned
have taken hundreds of billions of ROL from BIR funds, in various forms (own
remunerations, "performance bonuses", "fees" etc.), received commissions,
including deposits made from BIR funds – they used BIR assets (offices, cars,
office, fixed telephones, mobile phones etc.) in their own interest, all of which
clearly constitute undue advantages, and fall under the legal provisions mentioned
above.

13. It is also known that the mentioned liquidation firm sold high value BIR assets
at ridiculous prices, granted so-called facilities and discounts of hundreds of
billions ROL to the bank's claims, producing enormous damage, all of which are
acts of corruption or related to the acts of corruption provided and punished by
the above mentioned legal norms.

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Knowing that as of February 13 2002, when the Prosecutor's Office attached to
the High Court of Cassation and Justice was notified of this case, the State's
competent bodies did not take any action against this group of interests, there
could be concluded that certain persons within the spheres of the old but also of
the current powers and / or authorities, protect and defend the true high-level
corrupted people who consider themselves above the law.

14. The only institution that self-reported about the unlawful acts committed by
the BNR in order to bankrupt BIR, was the Supreme Council of National Defense
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(CSAT), which included on its day of July 17 2002, the issues of fraudulent
bankruptcy of the International Bank of Religions.

Particularly significant are, in our opinion, the following findings of the
Presidential Administration Report no. DSN / 553/2002, on the basis of which
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the CSAT discussed on July 17 2002, the problems of the fraudulent bankruptcy
of the International Bank of Religions :

a. "The BIR was put in a delicate situation by the information provided by the
BNR to the media, information that had a strong impact among the depositors,
leading to massive resource withdrawals, which led BIR to sell state bonds before
maturity";

b. " BNR gave BIR the grace stroke through Circular no. 6/2000, point 7, whereby
the value of the assigned and not yet paid receivables was passed on "loss",
although in the contracts there mentioned laid down staggered collection
deadlines. Moreover, Circular no. 6/2000 has been applied retrospectively,
interfering with the constitutional principle of laws for non-retroactivity";

c. "The evolution of crises and bank bankruptcy reveal the fact that banking
supervision in Romania is totally deficient. The BNR does everything in order to

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